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Well, least PSY's dad can say he sold a chip of the old block. Either way at least some good has come out of a pop song.

by Zenst 14y ago

mseebach 14y ago
Huh? So millions of people having fun with a catchy tune isn't "good" - but retail investors piling ~$100b of other people's money into a clearly massively overpriced stock because of a pop song is "good"? http://uk.finance.yahoo.com/echarts?s=003160.KS http://uk.finance.yahoo.com/echarts?s=003160.KS
- awad 14y ago
  A retail investor invests out of their own account, so at worst the only people harmed are those who, for whatever reason, buy into this so called halo effect. The article makes a point to say that these retail investors are looked down upon by more savvy investors in Korea for this very reason. http://www.investopedia.com/terms/r/retailinvestor.asp http://www.investopedia.com/terms/r/retailinvestor.asp
- kokey 14y ago
  I think pop music and bad investments both serve a very good purpose in society. It's to remove money out of the hands of those who are clearly too incompetent to have it.
- jonnathanson 14y ago
  "retail investors piling ~$100b of other people's money" Retail investors invest their own money, which, typically, isn't too substantial per investor. "Retail investor" is really just a finance-industry euphemism for mom 'n pop with a Charles Schwab account. This is opposed to "institutional investors," which are big pension funds, trusts, and other mega-monied organizations. Or to "HNWIs (high net-worth individuals)," which is precisely what it sounds like: folks with millions of dollars of liquid capital, usually managed by private wealth management arms of investment banks or hedge funds. Both institutionals and HNWIs are perceived to be savvier than retail investors, both by the law and by the industry. I'd actually be a lot more frightened if the latter two categories of investors were piling money into this company, solely on the basis of Psy's song.
  - mseebach 14y ago
    I stand corrected, I had the institutional and retail kinds mixed up. I still don't think it's "good", though :)
    - jonnathanson 14y ago
      I agree with you. It's silly at best, and perhaps dangerous at worst.

Well, least PSY's dad can say he sold a chip of the old block. Either way at least some good has come out of a pop song.

by Zenst 14y ago

Well, least PSY's dad can say he sold a chip of the old block. Either way at least some good has come out of a pop song.

mseebach 14y ago

Huh? So millions of people having fun with a catchy tune isn't "good" - but retail investors piling ~$100b of other people's money into a clearly massively overpriced stock because of a pop song is "good"? http://uk.finance.yahoo.com/echarts?s=003160.KS http://uk.finance.yahoo.com/echarts?s=003160.KS

awad 14y ago
A retail investor invests out of their own account, so at worst the only people harmed are those who, for whatever reason, buy into this so called halo effect. The article makes a point to say that these retail investors are looked down upon by more savvy investors in Korea for this very reason. http://www.investopedia.com/terms/r/retailinvestor.asp http://www.investopedia.com/terms/r/retailinvestor.asp
kokey 14y ago
I think pop music and bad investments both serve a very good purpose in society. It's to remove money out of the hands of those who are clearly too incompetent to have it.
jonnathanson 14y ago
"retail investors piling ~$100b of other people's money" Retail investors invest their own money, which, typically, isn't too substantial per investor. "Retail investor" is really just a finance-industry euphemism for mom 'n pop with a Charles Schwab account. This is opposed to "institutional investors," which are big pension funds, trusts, and other mega-monied organizations. Or to "HNWIs (high net-worth individuals)," which is precisely what it sounds like: folks with millions of dollars of liquid capital, usually managed by private wealth management arms of investment banks or hedge funds. Both institutionals and HNWIs are perceived to be savvier than retail investors, both by the law and by the industry. I'd actually be a lot more frightened if the latter two categories of investors were piling money into this company, solely on the basis of Psy's song.
- mseebach 14y ago
  I stand corrected, I had the institutional and retail kinds mixed up. I still don't think it's "good", though :)
  - jonnathanson 14y ago
    I agree with you. It's silly at best, and perhaps dangerous at worst.